Bunzl (LON:BNZL) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Bunzl (LON:BNZL)‘s stock had its “buy” rating restated by Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 2,950 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 11.83% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price objective on shares of Bunzl in a research report on Tuesday, March 10th. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 2,350 price objective on shares of Bunzl in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their target price on Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 2,464.29.

Bunzl Price Performance

Shares of LON BNZL opened at GBX 2,638 on Wednesday. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. Bunzl has a 1-year low of GBX 1,981 and a 1-year high of GBX 2,654. The company has a market capitalization of £8.47 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.40 and a beta of 0.32. The business has a 50-day moving average of GBX 2,416.37 and a 200-day moving average of GBX 2,242.50.

Insider Activity at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. Insiders own 0.48% of the company’s stock.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.